The following regulators are profiled in this brief:
Bangledesh – Microcredit Regulatory Authority (MRA), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Microcredit+Regulatory+Authority+%28MRA%29
India – National Bank of Agriculature and Rural Development (NABARD), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=National+Bank+of+Agriculature+and+Rural+Development+%28NABARD%29
Brazil – Central Bank of Brazil (BCB), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Central+Bank+of+Brazil+%28BCB%29
Bolivia – Superindendent of Banks and Financial Entities (SBEF), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Superindendent+of+Banks+and+Financial+Entities+%28SBEF%29
Egypt – Central Bank of Egypt (CBE), located at: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Central+Bank+of+Egypt+%28CBE%29
Kenya – Central Bank of Kenya (CBK), located at: http://docs.google.com/Doc?docid=0Adr0wzXJKlP0ZGZiN3dwYnFfMzlocDhnZHZmNQ&hl=en
Bangledesh – Microcredit Regulatory Authority (MRA)
62/3 Purana Paltan,
National Sports Council (NSC) Tower, 11th Floor,
Dhaka – 1000
tel: +03 77 2800385
Fax: +91 022 26530103
Setor Bancário Sul
SBS – Quadra 3 – Bloco B – Ed. Sede
Caixa Postal 08670
70074-900 Brasília (DF)
Brazil
Email: gerin@bcb.gov.br
Bolivia – Superintendent of Banks and Financial Entities (SBEF)
Overview:
The Superindendent of Banks and Financial Entities (SBEF) was estalished in 1993 as the regulatory body responsible for the licensing and supervision of the financial banking sector.
Description:
SBEF regulates microfinance institutions pursuant to Supreme Decree 24,000 which established microfinance institutions called Public Financial Funds (PPFs) to channel credit to microenterprises. SBEF sets regulations that govern the ability of microfinance institutions to take deposits, disburse loans and disclose interest rates for their products.
Organization’s website (spanish only):
Just the Facts:
Year founded: 1933
Executive officer: Efrain Camacho, Deputy Director
Basis for legal authority: Law No.1488 Law on Banks and Financial Institutions
Number of Regional Branch Offices:
Number of Licensing Applications:
Number of Approved Licenses:
Number of Loans Under Supervision:
Number of MFIs & Coops:
Contact Information:
Superindendent of Banks and Financial Entities
Plaza Isabel la Católica # 2507
Tel: +591 2 431919
Fax: +591 2 430028
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Additional Resources:
Latest News & Publications:
http://www.asfi.gov.bo/template.php?idPag=2
Link to MicroCapital Universe Wiki Page:
Egypt – Central Bank of Egypt (CBE)
Overview:
The Central Bank of Egypt (CBE) has the ultimate regulatory authority over the banking sector, which includes microfinance.
Description:
The functions of CBE are to establish the country’s monetary, credit and banking policy and to ensure the soundness of the financial sector. In addition, a recently proposed microfinance bill has the following objectives: to establish microfinance companies and to urge them to raise funds, while at the same time, to build regulatory frameworks to monitor and supervise microfinance activities.
Organization’s website:
http://www.cbe.org.eg/contactus.htm
Just the Facts:
Year founded: 2003
Executive officer: Minister Mahmoud Mohieldin
Basis for legal authority: The Law of the Central Bank, the Banking Sector and Money (Law No. 88 of 2003, as amended through 2005)
Number of Regional Branch Offices:
Number of Licensing Applications:
Number of Approved Licenses:
Number of Loans Under Supervision:
Number of MFIs & Coops:
Contact Information:
Central Bank of Egypt
54 Elgomhoreya Street
11511, Cairo Egypt
Tel: +2 02 2770 27700
Email: info@cbe.org.eg
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Additional Resources:
Latest News & Publications:
http://www.cbe.org.eg/Publications.htm
Link to MicroCapital Universe Wiki Page:
Kenya – Central Bank of Kenya (CBK)
Overview:
The Central Bank of Kenya (CBK) is the nation’s central banking authority.
Description:
With the microfinance regulations taking effect in May 2008, the Central Bank of Kenya operationalized the Microfinance Act of 2006, which paved the way for the licensing of microfinance institutions (MFIs) that take deposits from the public. Currently, the microfinance industry in Kenya consists of a variety of institutions, e.g. commercial banks, cooperatives, NGOs etc., which are regulated under different laws by different government agencies. With the passage of the Act, deposit taking MFIs and other financial institutions engaging in microfinance activities will be regulated under an umbrella regulatory framework.
Organization’s website:
http://www.centralbank.go.ke/default.aspx
Just the Facts:
Year founded: 1966
Executive officer: Prof. Njuguna Ndung’u, Govenor
Basis for legal authority: Microfinance Act of 2006
Number of Regional Branch Offices: 4
Number of Licensing Applications:
Number of Approved Licenses: 26 (during year 2008)
Number of Loans Under Supervision: NA
Number of MFIs & Coops: 34
Contact Information:
The Bank Secretary
Central Bank of Kenya
Haile Selassie Avenue
P O Box 60000-00200
Nairobi
Tel: +254 20 2861000
Fax: +254 20 340192
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Additional Resources:
Latest News & Publications:
http://www.centralbank.go.ke/downloads/bsd/annualreports/bsd2008R.pdf
Link to MicroCapital Universe Wiki Page:
http://docs.google.com/Doc?docid=0Adr0wzXJKlP0ZGZiN3dwYnFfMzlocDhnZHZmNQ&hl=en
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